Russell Investments Group Ltd. raised its stake in shares of Valvoline Inc (NYSE:VVV) by 27.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 955,877 shares of the basic materials company’s stock after buying an additional 208,157 shares during the period. Russell Investments Group Ltd.’s holdings in Valvoline were worth $20,562,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank purchased a new stake in Valvoline during the 3rd quarter valued at $113,000. GSA Capital Partners LLP purchased a new stake in Valvoline during the 2nd quarter valued at $245,000. Oakbrook Investments LLC purchased a new stake in Valvoline during the 3rd quarter valued at $264,000. Jane Street Group LLC purchased a new stake in Valvoline during the 2nd quarter valued at $280,000. Finally, BNP Paribas Arbitrage SA raised its stake in Valvoline by 110.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,280 shares of the basic materials company’s stock valued at $373,000 after buying an additional 9,079 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
Several equities research analysts have recently commented on the company. Bank of America lowered Valvoline from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $24.00 to $20.00 in a research note on Tuesday. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating in a research note on Monday, September 17th. Monness Crespi & Hardt reduced their price objective on Valvoline from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Finally, ValuEngine upgraded Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.78.
NYSE:VVV opened at $19.05 on Wednesday. The firm has a market capitalization of $3.89 billion, a PE ratio of 14.77, a P/E/G ratio of 1.10 and a beta of 0.93. Valvoline Inc has a one year low of $17.49 and a one year high of $25.63.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $594.00 million during the quarter, compared to analyst estimates of $593.80 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. Valvoline’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. As a group, research analysts anticipate that Valvoline Inc will post 1.48 earnings per share for the current fiscal year.
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Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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